Taxes on income, profits and capital gains in Australia
Australia: Taxes on income, profits and capital gains was 76.6% in 2022. ▲ Rising
Taxes on income, profits and capital gains in Australia, 1972–2022
Source: Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF). Measured in % of total taxes.
Analysis
The most recent figure for taxes on income, profits and capital gains in Australia is 76.6%, measured in 2022. That is the highest value across all 51 years on record.
That represents a change of up 4.8% on the previous year and up 5.1% over ten years.
Over the whole period, taxes on income, profits and capital gains in Australia peaked at 76.6% in 2022 and was at its lowest, 66.0%, in 1984.
That places Australia 5th out of 153 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently rising across the 51 years of available data.
Taxes on income, profits and capital gains in Australia, year by year
| Year | % of total taxes | Change |
|---|---|---|
| 1972 | 66.7% | — |
| 1973 | 67.4% | +1.1% |
| 1974 | 69.0% | +2.3% |
| 1975 | 71.7% | +4.0% |
| 1976 | 69.9% | -2.5% |
| 1977 | 70.7% | +1.1% |
| 1978 | 71.5% | +1.2% |
| 1979 | 67.9% | -5.1% |
| 1980 | 67.6% | -0.4% |
| 1981 | 68.5% | +1.3% |
| 1982 | 69.8% | +1.8% |
| 1983 | 68.3% | -2.2% |
| 1984 | 66.0% | -3.3% |
| 1985 | 66.7% | +1.0% |
| 1986 | 67.0% | +0.5% |
| 1987 | 68.4% | +2.0% |
| 1988 | 68.4% | +0.1% |
| 1989 | 70.2% | +2.6% |
| 1990 | 70.9% | +0.9% |
| 1991 | 71.9% | +1.4% |
| 1992 | 72.2% | +0.4% |
| 1993 | 72.4% | +0.3% |
| 1994 | 71.1% | -1.8% |
| 1995 | 70.4% | -1.0% |
| 1996 | 71.4% | +1.4% |
| 1997 | 72.6% | +1.7% |
| 1998 | 72.8% | +0.3% |
| 1999 | 73.4% | +0.8% |
| 2000 | 75.1% | +2.3% |
| 2001 | 70.9% | -5.6% |
| 2002 | 68.9% | -2.8% |
| 2003 | 68.7% | -0.3% |
| 2004 | 69.4% | +1.0% |
| 2005 | 71.0% | +2.4% |
| 2006 | 71.8% | +1.1% |
| 2007 | 72.2% | +0.6% |
| 2008 | 72.9% | +1.0% |
| 2009 | 72.4% | -0.8% |
| 2010 | 69.9% | -3.4% |
| 2011 | 70.9% | +1.5% |
| 2012 | 72.9% | +2.8% |
| 2013 | 71.7% | -1.7% |
| 2014 | 70.9% | -1.0% |
| 2015 | 72.8% | +2.6% |
| 2016 | 71.8% | -1.4% |
| 2017 | 72.4% | +0.8% |
| 2018 | 73.1% | +1.0% |
| 2019 | 74.3% | +1.6% |
| 2020 | 73.4% | -1.2% |
| 2021 | 73.1% | -0.4% |
| 2022 | 76.6% | +4.8% |
Australia compared with similar countries
- Australia's 76.6% is above the median for high income countries, which is 43.9%, 1.7× the median. (55 countries reporting)
- Australia's 76.6% is above the median for East Asia & Pacific, which is 39.9%, 1.9× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 69.4% | 66.7% | 71.7% | 8 |
| 1980s | 68.1% | 66.0% | 70.2% | 10 |
| 1990s | 71.9% | 70.4% | 73.4% | 10 |
| 2000s | 71.3% | 68.7% | 75.1% | 10 |
| 2010s | 72.1% | 69.9% | 74.3% | 10 |
| 2020s | 74.4% | 73.1% | 76.6% | 3 |
Countries ranked near Australia
- 2 East Timor 81.8% compare
- 3 Equatorial Guinea 79.2% compare
- 4 Canada 78.5% compare
- 6 Angola 70.1% compare
- 7 Papua New Guinea 67.0% compare
- 8 Iran 66.7% compare
More public sector data for Australia
- Democracy, annual growth rate 0 % change on previous year (2025)
- Men's universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote, annual growth rate 0 % change on previous year (2025)
- Universal right to vote in practice, annual growth rate 0 % change on previous year (2025)
- Elected parliament, annual growth rate 0 % change on previous year (2025)
- Chief executive of the government is elected, annual growth rate 0 % change on previous year (2025)
- Democracy 7 (2025)
- Chief executive of the government is elected 1 (2025)
- Elected parliament 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is taxes on income, profits and capital gains in Australia?
- Taxes on income, profits and capital gains in Australia was 76.6% in 2022, according to Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF).
- What is the highest taxes on income, profits and capital gains recorded in Australia?
- The highest recorded value was 76.6% in 2022.
- What is the lowest taxes on income, profits and capital gains recorded in Australia?
- The lowest recorded value was 66.0% in 1984.
- How does Australia rank for taxes on income, profits and capital gains?
- Australia ranks 5th out of 153 countries with data for 2022.
- Is taxes on income, profits and capital gains rising or falling in Australia?
- Over the last ten years it is up 5.1%. The long-run trend across the full record is rising.
- Where does this Australia data come from?
- The figures come from Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF), published as part of Taxes on income, profits and capital gains (% of total taxes). Statizoid updates them automatically from the source API.
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About this data
Taxes on income, profits, and capital gains are taxes payable on the actual or presumed incomes, profits and capital gains. This indicator is expressed as a percentage of total taxes which includes all compulsory, unrequited payments, in cash or in kind, made by institutional units to government units.